Closure of Hormuz Strait likely to imperil South Korea's energy lifeline

Fired missiles seen on a ship sailing through the Strait of Hormuz, June 19, 2025. Courtesy of the Federation of Korean Seafarers' Unions SEOUL, June 23 (AJP) - Iran’s parliament has approved a measure to close the Strait of Hormuz, raising the specter of a severe energy c

Tariffs take toll as Korea's steel exports to US drop sharply in May

Steel products are stacked at Pyeongtaek Port in Gyeonggi Province on June 4. Yonhap SEOUL, June 23 (AJP) - South Korea’s steel exports to the United States fell sharply in May, marking the first significant contraction since Washington imposed new tariffs earlier this year, t

Lee's first bilateral summit with Washington unlikely anytime soon as he skips NATO trip

SEOUL, June 23 (AJP) - As President Lee Jae-myung opted to skip the NATO summit scheduled for early this week in the Hague, Netherlands, attention now shifts to when he will hold his first bilateral meeting with U.S. President Donald Trump.